博通 2024年度报告

Indicate by check mark whether the registrant (1)hasfiled all reports required to befiled by Section13 or 15(d) of the Securities Exchange Actof 1934 during the preceding 12months (or for such shorter period that the registrant was required tofile such reports), and (2)has been subject tosuchfiling requirements for the past 90days.Yes☑No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant toRule405 of RegulationS-T (§232.405 of this chapter) during the preceding 12months (or for such shorter period that the registrant was required tosubmit suchfiles).Yes☑No☐ Indicate by check mark whether the registrant is a large acceleratedfiler, an acceleratedfiler, a non-acceleratedfiler, a smaller reportingcompany, or an emerging growth company. See the definitions of “large acceleratedfiler,” “acceleratedfiler,” “smaller reporting company,” and“emerging growth company” in Rule12b-2 of the Exchange Act. Large acceleratedfiler☑Acceleratedfiler☐Non-acceleratedfiler☐Smallerreportingcompany☐Emerging growthcompany If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complyingwith any new or revisedfinancial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant hasfiled a report on and attestation to its management’s assessment of the effectiveness of itsinternal control overfinancial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accountingfirmthat prepared or issued its audit report.☑ If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether thefinancial statements of the registrantincluded in thefiling reflect the correction of an error to previously issuedfinancial statements.☐ Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-basedcompensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b).☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). Yes☐No☑ The aggregate market value of voting and non-voting common equity held by non-affiliates as of May2, 2025, based upon the closing sale priceof such shares on The Nasdaq Global Select Market on such date was approximately $939.2 billion. As of November28, 2025, there were 4,741,273,799 shares of our common stock outstanding. Documents Incorporated by ReferencePortions of the registrant’s definitive proxy statement for its 2026 annual meeting of stockholders are incorporated by reference into Part III of this Annual Report on Form 10-K where indicated. The registrant’s definitive proxy statement will befiled with the U.S. Securities and ExchangeCommission within 120 days after the end of thefiscal year to which this report relates. BROADCOM INC.2025 ANNUAL REPORT ON FORM10-K TABLE OF CONTENTSPagePARTI.ITEM 1.BUSINESS3ITEM 1A.RISK FACTORS12ITEM 1B.UNRESOLVED STAFF COMMENTS28ITEM 1C.CYBERSECURITY28ITEM 2.PROPERTIES29ITEM 3.LEGAL PROCEEDINGS29ITEM 4.MINE SAFETY DISCLOSURES30PARTII.ITEM 5.MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUERPURCHASES OF EQUITY SECURITIES31ITEM 6.[RESERVED]32ITEM 7.MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS33ITEM 7A.QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK44ITEM 8.FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA45ITEM 9.CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIALDISCLOSURE88ITEM 9A.CONTROLS AND PROCEDURES88ITEM 9B.OTHER INFORMATION89ITEM 9C.DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTIONS89PARTIII.ITEM 10.DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE90ITEM 11.EXECUTIVE COMPENSATION90ITEM 12.SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATEDSTOCKHOLDER MATTERS90ITEM 13.CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE90ITEM 14.PRINCIPAL ACCOUNTANT FEES AND SERVICES90PARTIV.ITEM 15.EXHIBITS AND FINANCIAL STATEMENT SCHEDULES91ITEM 16.FORM 10-K SUMMARY97SIGNATURES98 PARTI The following discussion should be read in conjunction with the consolidatedfinancial statements and notes thereto includedelsewhere in this Annual Report on Form10-K. This Annual Report on Form10-K contains forward-looking statements within themeaning of the federal securities laws and particularly in Item1: “Business,” Item1A: “Risk Factors,” Item3: “Legal Proceedings” andItem7: “Management’s Discussion and Analysis of Financial Condition and Results of Operations” of this Annual Report on Form10-K.These statements are indicated by words or phrases such as “anticipate,” “expect,” “estimate,” “seek,” “plan,” “believe,” “could,”“intend,” “will,” and similar words or phr